Vung Ang Economic Zone - Ha Tinh
- Investor: GOV
- Price: Updating...
- Area: 22,781 Ha
Ha Tinh Province , a province located in Central Vietnam, has emerged as a notable destination in the industrial sector. With its favorable geographical location and diverse natural resources, Ha Tinh Province attracts the attention of both domestic and foreign investors. Boasting modern industrial zones and well-developed infrastructure, the province makes a strong contribution to the nation’s economic growth. Let’s explore further the vibrant industries and promising potential of Ha Tinh Province.
Ha Tinh is a province located in Central Vietnam, with a geographical position ranging from 17°54’ to 18°37’ latitude North and from 106°30’ to 105°07’ longitude East. The province shares borders with Nghe An Province to the North, Quang Binh Province to the South, and Borikhamxay and Khammuane Provinces of Laos to the West, and the East Sea to the East. The total area of the province is 5,997.8 square kilometers (according to the 2014 statistical yearbook).
Ha Tinh has diverse terrain. In the east, the province is part of the Truong Son range, characterized by narrow, steep slopes from west to east. In the west, there are high mountains reaching up to 1,500 meters, with the highest peak being Rào Cọ at an elevation of 2,235 meters. Below the mountains are low hills resembling inverted bowls, followed by a narrow strip of plain running towards the sea. Finally, the province has many sandy beaches, lagoons, and bays, including the deep-water port of Vung Ang and Thien Cam beach.
In terms of climate, Ha Tinh lies in the hot and humid tropical monsoon zone, with a long, scorching and dry summer from April to October. During this time, there are often periods of hot dry winds blowing from the southwest (Laos wind), and temperatures can exceed 40°C. From the end of July to October, there are often storms accompanied by heavy rainfall, causing flooding in many areas, with the highest rainfall reaching 500 mm per day and night. The winter season from November to March of the following year is primarily characterized by northeast monsoon winds bringing cold air and drizzle, with temperatures dropping to 7°C.
In terms of natural resources, the land in Ha Tinh is quite diverse, including nine soil groups, with the highest proportion being the yellow-red soil and alluvial soil groups.
Ha Tinh is a province with rich and potential natural conditions. In terms of forests, the province has a total forest area of 276,003 hectares, of which natural forests cover 199,847 hectares and planted forests cover 76,156 hectares. The natural forests are mainly tropical forests, while the planted forests are mainly resinous pine trees. Ha Tinh also has two important nature reserves, namely Vu Quang National Park and Ke Go Nature Reserve, with many rare plant and animal species.
In terms of mineral resources, Ha Tinh has numerous mines and mineral locations scattered throughout the districts in the province. The main group of metals in Ha Tinh province consists of iron ore and titanium. The Thach Khe – Thach Ha iron mine is estimated to have a reserve of 544 million tons. There are also titanium deposits along the coast with a reserve of about 4.6 million tons. These reserves account for over one-third of the national reserves. Additionally, there are raw materials for ceramics, glass, and high-quality brown coal and coal.
With a coastline of 137 kilometers, Ha Tinh possesses significant marine resources, with over 267 species of fish and 20 species of economically valuable shrimp. The estimated amount of fish and shrimp is substantial, particularly in terms of bottom-dwelling and floating fish. Moreover, the coastline has potential in terms of mineral resources such as sand and ore, and there are many beautiful beaches catering to tourism and resorts.
In summary, Ha Tinh is a province with diverse and abundant natural resources and great potential in terms of forests, mineral resources, and marine resources. These resources not only meet the local demands but also offer opportunities for economic development and tourism in the province.
In the first quarter of 2023, Ha Tinh’s economy grew by 4.08% compared to the same period in 2022.
The majority of cultivated land is allocated to rice farming. The remaining land is mainly utilized for industrial and ornamental plants. Investment is being made in the cultivation of fruit trees. The cultivation of long-term industrial crops has a relatively small share.
The large forest area (especially natural forests) serves as a strong driving force for the development of the forestry sector. Valuable forestry products include timber, precious forest products, and medicinal plants.
The aquaculture and fisheries sector is being invested in to enhance its value. The province also benefits from deep-water ports such as Vung Ang and coastal estuaries, contributing to the strong development of the fishing industry.
Industrial development within economic zones, industrial parks, and clusters is gradually playing a leading role in promoting the overall industrial development of Ha Tinh.
Currently, Ha Tinh has 2 economic zones and 3 industrial zones approved by the Prime Minister, along with 5 industrial parks, 1 information technology park, and 22 industrial clusters approved by the Provincial People’s Committee.
Among them, Vung Ang Economic Zone covers an area of over 22,700 hectares and is one of the eight key economic zones in the country. It has strengths such as being the largest steel training center in Vietnam, areas like the Formosa Industrial Complex and Son Duong Deep-water Port, Vung Ang I and Vung Ang II thermal power plants.
It is a major energy center with significant advantages in developing logistics services due to its deep-water port system.
Cau Treo Economic Zone is one of Vietnam’s key international border gates, strategically located for exchanges and cooperation between Vietnam, Laos, and Thailand. The governments of Vietnam and Laos have agreed to establish a border economic cooperation zone following the “Two countries, one policy” model to diversify customs procedures and promote trade and investment between Vietnam, Laos, and ASEAN countries.
The economic zones and industrial parks in Ha Tinh province have become attractive destinations for investors. They have also become dynamic economic regions in the North Central Coast and the whole country. This is due to their potential and geographical advantages.
In 2021, the province issued Investment Registration Certificates for 10 Domestic Direct Investment (DDI) projects with a registered capital of VND 11,713.5 billion.
In addition, the Vung Ang II Thermal Power Plant project has a total investment of USD 2.187 billion. The project operates under the BOT scheme (Build-Operate-Transfer) and began construction in October 2021. It is located at the Vung Ang Economic Zone, which continues to attract investment to this economic zone. 2021, Vung Ang Economic Zone achieved a total investment of USD 2.688 billion. This surpassed the target for newly registered investment capital in the 2021-2025 period by over half. It was also almost three times higher than the newly registered capital in economic zones and industrial parks from 2016 to 2020, which amounted to over USD 960 million.
In the economic zones and industrial parks of the province, there are 189 valid investment projects, including:
In Q4 2022, Vingroup Corporation will start four projects in Vung Ang Economic Zone, Ky Anh Town. These projects include an automotive production complex, integrated seaport logistics, and a resort. The total investment for these projects is over VND 302,500 billion. According to Vingroup, when these projects become operational, they will provide stable employment for over 10,000 local workers.
In April 2023, it was estimated at 218.70 million USD, a decrease of 7.08% compared to the previous month but an increase of 5.86% compared to the same period last year. Among them:
Roads: Currently, Ha Tinh province has 5 national highways running through it, with a total length of 383km. Among them:
Ha Tinh benefits from port development. Vung Ang Port handles 50,000-ton ships. Son Duong Deepwater Port accommodates 300,000-ton ships. Xuan Hai Port caters to 3,000-ton ships.
In terms of air transportation, Vinh Airport (in Nghe An province) is located 50km to the north of Ha Tinh, and Dong Hoi Airport (in Quang Binh province) is located 100km to the south of the Vung Ang Economic Zone. These airports provide convenient air travel to and from Ha Tinh, connecting to Hanoi and Ho Chi Minh City.